Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Historic Gem 1869 Seated Dollar
An Important Condition Rarity

1869 $1 MS65 PCGS. CAC. It is one of the great ironies of America's mining history that it had two major gold rushes before its first big silver rush. The southeastern U.S. saw gold-only branch mints rise in Charlotte and Dahlonega in the 1830s, while the late 1840s and 1850s saw the rise of California, the "Golden State," but it was not until the 1860s that Nevada emerged as the "Silver State," making the jump from territory to statehood in 1864. The silver from Nevada began to restore the nation's bimetallic balance, which a decade-plus of California gold production had thrown off, and as production at the Comstock Lode ramped up in the late 1860s, so too did strikings of silver dollars.
That is the connection made by Q. David Bowers in Silver Dollars and Trade Dollars of the United States, though he notes the considerable scholarly disagreement over the purpose to which the late 1860s Seated dollars were put. He cites a pair of authorities who claim that the pieces were made for export, including a former Comptroller of the Currency, but counterbalances their opinions with that of R.W. Julian, who wrote for the book: "That some of these dollars did got to the Orient I again have no doubt, but I think that there was less than 25,000 annually and perhaps considerably less..."
Certainly the late 1860s Seated dollars are about as available in lesser grades as their earliest With Motto counterparts, though as always, there are variations at the highest levels. Among the best-preserved 1869 Seated dollars is this Gem, which clearly never saw circulation, either domestically or overseas. The luster is boldly reflective, setting up contrast on the reverse, and the light golden overtone across each side deepens to amber and violet along the bottom reverse rim. Population: 2 in 65, 2 finer (7/11).(Registry values: N7079) (NGC ID# 24ZC, PCGS# 6962)

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
August, 2011
11th-14th
Internet/Mail/Phone Bidders: 9
Members Tracking: N/A
Page Views: 994

Buyer's Premium per Lot:
15% of the successful bid (minimum $14) per lot.

Heritage membership

945,046
bidder-members
$885,886,275
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 18 days left to consign to the 2015 October 29 - November 2 US Coins Signature Auction - New York!

Learn about consigning with us

Needless to say I was overwhelmed by the results of the auction and I truly believe it was Jill’s efforts in promoting and displaying the piece that brought in the extra value.
Joan,
Arlington, MN
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,887,709
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,681,373
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved